Paragon Capital Management Ltd boosted its position in HCP, Inc. (NYSE:HCP) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,572 shares of the real estate investment trust’s stock after buying an additional 770 shares during the period. Paragon Capital Management Ltd’s holdings in HCP were worth $274,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in HCP. ING Groep NV purchased a new position in HCP during the second quarter worth $3,258,000. LGT Capital Partners LTD. increased its position in HCP by 9.9% in the second quarter. LGT Capital Partners LTD. now owns 755,523 shares of the real estate investment trust’s stock worth $24,147,000 after buying an additional 67,901 shares during the period. Russell Investments Group Ltd. increased its position in HCP by 48.1% in the second quarter. Russell Investments Group Ltd. now owns 2,300,224 shares of the real estate investment trust’s stock worth $73,534,000 after buying an additional 747,024 shares during the period. First Midwest Bank Trust Division increased its position in HCP by 112.0% in the second quarter. First Midwest Bank Trust Division now owns 43,265 shares of the real estate investment trust’s stock worth $1,383,000 after buying an additional 22,861 shares during the period. Finally, PGGM Investments increased its position in HCP by 2.1% in the second quarter. PGGM Investments now owns 5,647,699 shares of the real estate investment trust’s stock worth $180,500,000 after buying an additional 118,099 shares during the period. 88.44% of the stock is owned by hedge funds and other institutional investors.
Shares of HCP, Inc. (NYSE:HCP) traded down 0.25% during midday trading on Friday, reaching $31.83. The company’s stock had a trading volume of 3,144,336 shares. The stock has a market cap of $14.91 billion, a PE ratio of 15.35 and a beta of 0.37. The firm has a 50-day moving average of $32.04 and a 200-day moving average of $31.29. HCP, Inc. has a one year low of $27.61 and a one year high of $36.82.
HCP (NYSE:HCP) last posted its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. HCP had a return on equity of 12.39% and a net margin of 41.38%. The business had revenue of $492.16 million for the quarter, compared to analysts’ expectations of $514.82 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. On average, analysts forecast that HCP, Inc. will post $1.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Monday, August 7th will be given a $0.37 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.48 annualized dividend and a yield of 4.65%. HCP’s dividend payout ratio is currently 72.20%.
A number of research firms have weighed in on HCP. BidaskClub downgraded HCP from a “hold” rating to a “sell” rating in a research report on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and set a $33.00 price target on shares of HCP in a research report on Tuesday. Goldman Sachs Group, Inc. (The) downgraded HCP from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $32.00 in a research report on Monday, July 24th. Zacks Investment Research downgraded HCP from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $31.00 price objective on shares of HCP in a report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. HCP currently has an average rating of “Hold” and a consensus price target of $33.42.
In other HCP news, insider Thomas Klaritch sold 2,651 shares of the business’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $31.53, for a total value of $83,586.03. Following the transaction, the insider now owns 176,830 shares of the company’s stock, valued at $5,575,449.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is currently owned by insiders.
HCP Company Profile
HCP, Inc is a self-administered real estate investment trust. The Company invests in real estate serving the healthcare industry in the United States. The Company’s segments include senior housing triple-net (SH NNN), senior housing operating portfolio (SHOP), life science and medical office. Its senior housing facilities include independent living facilities, assisted living facilities, memory care facilities, care homes, and continuing care retirement communities.
Want to see what other hedge funds are holding HCP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HCP, Inc. (NYSE:HCP).
Receive News & Ratings for HCP Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCP Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
